Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Abacus Global Management Inc shares valued at $497,759 were purchased by McNealy Sean on Jun 04 ’25. At $5.77 per share, McNealy Sean acquired 86,207 shares. The insider’s holdings grew to 12,455,707 shares worth approximately $66.14 million following the completion of this transaction.
Also, Kirby Kevin Scott purchased 86,207 shares, netting a total of over 497,759 in proceeds. Following the buying of shares at $5.77 each, the insider now holds 12,447,415 shares.
Before that, McCauley William Hugh JR had added 33,000 shares to its account. In a trade valued at $192,156, the Chief Financial Officer bought Abacus Global Management Inc shares for $5.82 each. Upon closing the transaction, the insider’s holdings increased to 33,000 shares, worth approximately $0.46 million.
As published in their initiating research note from Maxim Group on April 29, 2025, Abacus Global Management Inc [ABL] has been a Buy and the price target has been revised to $14. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in late October. As of August 07, 2024, TD Cowen has initiated its “Buy” rating for ABL. Earlier on June 26, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for ABL stock.
Analyzing ABL Stock Performance
On last trading session,, Abacus Global Management Inc [NASDAQ: ABL] plunged -2.57% to $5.31. The stock’s lowest price that day was $5.21, but it reached a high of $5.445 in the same session. During the last five days, there has been a drop of approximately -4.32%. Over the course of the year, Abacus Global Management Inc shares have dropped approximately -39.04%. Shares of the company reached a 52-week high of $9.61 on 05/09/25 and a 52-week low of $5.10 on 06/04/25.
Support And Resistance Levels for Abacus Global Management Inc (ABL)
According to the 24-hour chart, there is a support level at 5.20, which, if violated, would cause prices to drop to 5.08. In the upper region, resistance lies at 5.44. The next price resistance is at 5.56. RSI (Relative Strength Index) is 24.17 on the 14-day chart, showing oversold technical sentiment.
Is Abacus Global Management Inc subject to short interest?
Stocks of Abacus Global Management Inc saw a sharp rise in short interest on 2025-05-30 jumping by 1.04 million shares to 2.25 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 1.21 million shares. A jump of 46.08% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.03.
Which companies own the most shares of Abacus Global Management Inc (ABL)?
In terms of Abacus Global Management Inc share price expectations, FactSet research, analysts set an average price target of 13.5 in the next 12 months, up nearly 147.71% from the previous closing price of $5.45. Analysts anticipate Abacus Global Management Inc stock to reach 15 by 2025, with the lowest price target being 12. In spite of this, 2 analysts ranked Abacus Global Management Inc stock as Buy at the end of 2025. On May 31, 2024, B. Riley Securities assigned a price target of “a Buy” to the stock and initiated coverage with a $16.
